The post 3 Ways Ripple Plans to Dismantle Dollar Dominance With XRP appeared on BitcoinEthereumNews.com.

For some time now, global powers like the BRICS nations have continuously worked to reduce their reliance on the US dollar. A token that is well-suited for this challenge is XRP, the fourth-largest token with a market cap of $2.17. At launch, XRP back in 2012, the intention wasn’t to replace the U.S. dollar, but rather to improve the way cross-border payments worked, making them faster and more affordable. At the time, the vast majority of international payments were funneled through USD using the SWIFT system, which was notoriously slow and expensive. As detailed in some of our news pieces, XRP was built as a bridge currency to help banks avoid the need to hold large reserves of U.S. dollars or other foreign currencies during transfers. In those early days, Ripple’s vision was clear: complement the dollar, not compete with it, while reducing the global reliance on USD reserves. Here are 3 ways that Ripple de-thrones USD 1. Cross-Border Payments As RippleNet, the company’s payment network, started gaining traction between 2015 and 2018, things began to shift. Ripple’s On-Demand Liquidity (ODL) service allowed institutions to move money instantly with XRP, eliminating the need for pre-funded USD accounts. This began subtly challenging the dollar’s long-standing role as the go-to currency for settling cross-border transactions. Usually, when money moves internationally, say from the U.S. to Europe or Asia, it can take days to settle. That’s because banks often rely on correspondent banking networks, which are slow and involve multiple intermediaries. Each step adds fees and delays. XRP enables near-instantaneous transfers without pre-funded accounts, dramatically cutting both cost and settlement time. In regions like the Middle East, Africa, Southeast Asia, and Latin America, Ripple has partnered with banks and remittance firms to put that into motion. The institutions are reaping the fruits of…

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Filed under: News - @ June 8, 2025 2:23 pm